Invesco Variable Rate Preferred ETF
VRP
223 hedge funds and large institutions have $767M invested in Invesco Variable Rate Preferred ETF in 2023 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 61 increasing their positions, 101 reducing their positions, and 20 closing their positions.
15% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 20
1% more funds holding
Funds holding: 220 → 223 (+3)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
1.46% less ownership
Funds ownership: 53.99% → 52.54% (-1.5%)
5% less capital invested
Capital invested by funds: $810M → $767M (-$42.9M)
40% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 101
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$11.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$10.3M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$6.77M |
| 4 |
AA
Advisory Alpha
Holland,
Michigan
|
+$5.87M |
| 5 |
LPL Financial
San Diego,
California
|
+$4.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$35M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$9.46M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$8.98M |
| 4 |
Morgan Stanley
New York
|
-$8.18M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.7M |
VRP Hedge Fund Activity: Q3 2023 in Review
223 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q3 2023, worth a combined $767M — down 5.3% from $810M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new VRP positions and 20 closed out — a net gain of 3 holders — while 61 added to existing stakes and 101 trimmed.
The largest buyer was UBS Group, adding an estimated $11.9M. The largest seller was Jane Street, cutting an estimated $35M.
- 223 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q3 2023, up from 220 in Q2 2023.
- Funds reported $767M of Invesco Variable Rate Preferred ETF stock for Q3 2023, down 5.3% quarter-over-quarter.
- 23 funds opened new Invesco Variable Rate Preferred ETF positions in Q3 2023 and 20 closed out, a net change of +3 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q3 2023 was UBS Group, an estimated $11.9M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q3 2023 was Jane Street, an estimated $35M sold.
Based on aggregated 13F filings for Q3 2023.